Up 170% in two months on space investor interest


Virgin Galactic shares have been on a blistering run and analysts see a variety of factors driving the space tourism company’s stock momentum, from investor excitement about space to speculation about the company’s valuation.

“Lately, we are having more conversations on SPCE than any other US stock in our coverage with the possible exception of Tesla,” Morgan Stanley analyst Adam Jonas wrote in a note to investors on Wednesday.

Jonas, well known for his early calls on Tesla, has recently been also looking at the fast-growing space industry.

Shares of Virgin Galactic have climbed more than 170% since closing at a low of $7.22 in early December, just a month after it went public. The stock’s…


Tesla will mark the beginning of the end for this bull market, warns Ralph Nader

Previous article

Procter & Gamble says it is monitoring China coronavirus

Next article

You may also like

Leave a Reply

Notify of

More in Investing